# Simplicity Conservative Investment Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Simplicity (Simplicity NZ Limited)
- **Asset class:** Diversified Funds
- **Risk profile:** conservative
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Simplicity Conservative Investment Fund is a diversified managed fund run by Simplicity. Not-for-profit-aligned manager offering low-fee diversified and single-asset PIE funds; donates 15% of fees to charity.

## Fund data

- **Annual fund charge:** 0.25% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 1.78% p.a.
- **Risk indicator:** 3/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$169 million
- **Asset mix:** 23% growth assets · 77% income assets
- **Fund started:** 3 April 2017
- **Minimum initial investment:** NZ$1

## Top 10 holdings

1. Cash at Bank — 10.45%
2. Westpac FRN 6 July 2026 — 2.54%
3. Simplicity Living Ltd Ordinary Shares — 1.87%
4. Kiwibank FRN 13 June 2028 — 1.70%
5. Kiwibank FRN 15 March 2028 — 1.38%
6. Housing NZ 2.247% 5 October 2026 — 1.10%
7. New Zealand govt bond 3.5% 14 April 2033 — 1.03%
8. NVIDIA Corp — 0.91%
9. IBRD bond 4.25% 23 July 2032 — 0.85%
10. Tax Traders CP 26 June 2026 — 0.82%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: Simplicity directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Simplicity%20Conservative%20Investment%20Fund
- **Product Disclosure Statement:** /disclose-document/mdob0407fc2f6057aa881a30e56b84a1642/Product-Disclosure-Statement-Simplicity-Investment-Funds-1-September-2025.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH11873/OFR11879/FND4543/
- **Manager website:** https://simplicity.kiwi

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

- **Canonical HTML:** https://managedfunds.nz/funds/simplicity/conservative-investment/
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- **Structured data (JSON):** https://managedfunds.nz/funds/simplicity/conservative-investment/data.json
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.